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Steel Exports Report: Spain
Background
As of 2017, Spain is the world’s sixteenth-largest steel exporter. In 2018, Spain exported 8.9 million metric tons of steel, a 7 percent decrease from 9.6 million metric tons in 2017. Spain’s exports represented about 2 percent of all steel exported globally in 2017. The volume of Spain’s 2018 steel exports was 1/7th the size of the world’s largest exporter, China, and just over 1/4th that of the second-largest exporter, Japan. In value terms, steel represented just 0.6 percent of the total amount of goods Spain exported in 2018.
Spain exports steel to more than 150 countries and territories. The 10 countries labeled in the map below represent the top markets for Spain’s exports of steel, receiving more than 300 thousand metric tons each. The top 10 countries accounted for 76 percent of Spain’s steel exports in 2018.
Spain was a net importer of steel from 2005 to 2008, while from 2009 to 2015 it was a net steel exporter. Since 2016, Spain has maintained a steel deficit once again, as the volume of exports has only increased 5 percent since 2009, while imports have increased 52 percent over the same period. Spain’s 2018 steel trade deficit amounted to –1.7 million metric tons, a significant 458 percent increase from 2017 at –313 thousand metric tons.
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